Managing your online poker bankroll is just as important as learning how to play the game, and money management mistakes can be even more costly than making a bad call. New online poker players need to find the right level to play at, and that, more often than not, means starting with small stakes if your playing cash games and low buy ins should you be playing sit n go´s. Managing your cash while you´re learning the game and getting to find your feet can save you from making continuous deposits and it´s always advisable to get a few tips on poker money management if you´re serious about building up a big bankroll, and below you´ll find articles that will point you in the right direction, however giving you the advice is all that´s possible and it´s down to you to put what you learn into practice.
Here are a few tips for managing your bankroll while playing online poker:
- Set a budget: It's important to decide on an amount that you are comfortable losing before you start playing. Stick to this budget to avoid overspending.
- Practice good bankroll management: Don't play at stakes that are too high for your bankroll. If you're playing cash games, you should have at least 20 buy-ins for the stakes you're playing. If you're playing tournament poker, you should have at least 50 buy-ins for the stakes you're playing.
- Take breaks: It's easy to get caught up in the excitement of playing poker, but it's important to take breaks to avoid burning out.
- Don't chase losses: If you have a bad session, it can be tempting to try to win back your losses by playing more. However, this can lead to even more losses. It's important to accept that losing is a normal part of playing poker and to avoid tilting.
- Use a separate bank account for poker: It's a good idea to keep your poker bankroll separate from your everyday finances. This can help you stay on track with your budget and avoid overspending.